Flowserve (FLS) Expected to Announce Quarterly Earnings on Tuesday

Flowserve (NYSE:FLS - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $1.11 billion for the quarter. Flowserve has set its FY 2025 guidance at 3.100-3.300 EPS.

Flowserve (NYSE:FLS - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.07). The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.21 billion. Flowserve had a return on equity of 17.08% and a net margin of 6.20%. On average, analysts expect Flowserve to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Flowserve Stock Up 0.6 %

Shares of FLS traded up $0.27 during midday trading on Friday, hitting $44.89. The company had a trading volume of 1,262,659 shares, compared to its average volume of 1,270,717. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.71. Flowserve has a 52 week low of $37.34 and a 52 week high of $65.08. The company's 50 day moving average price is $47.86 and its 200 day moving average price is $55.34. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.35 and a beta of 1.22.

Flowserve Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 28th were given a $0.21 dividend. The ex-dividend date was Friday, March 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. Flowserve's payout ratio is 39.25%.

Analysts Set New Price Targets

FLS has been the subject of several recent analyst reports. Robert W. Baird upgraded shares of Flowserve from a "neutral" rating to an "outperform" rating and set a $71.00 target price for the company in a research report on Monday, March 17th. Stifel Nicolaus decreased their price target on shares of Flowserve from $77.00 to $50.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada reduced their price objective on shares of Flowserve from $69.00 to $68.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Baird R W raised Flowserve from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Citigroup cut their target price on shares of Flowserve from $72.00 to $56.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.30.

About Flowserve

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Flowserve Pump Division (FPD) and Flow Control Division (FCD) segments. The FPD segment offers custom and pre-configured pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, upgrades, and related aftermarket services; and equipment services, including installation and commissioning services, seal systems spare parts, repairs, advanced diagnostics, re-rate and upgrade solutions, retrofit programs, and machining and asset management solutions, as well as manufactures a gas-lubricated mechanical seal for use in high-speed compressors for gas pipelines and in the oil and gas production and process markets.